05/30/2026
In 1914, during the early years of the Republic of China, a large silver coin began circulating across the country. Officially known as the Yuan Shikai Dollar, it soon earned the nickname “Fatman Dollar” because of the portrait of Yuan Shikai shown on the front. Yuan was a powerful military leader and the first president of the new Chinese republic after the fall of the Qing Dynasty.
The front of the coin showed Yuan in military uniform, symbolizing authority and the beginning of a new political era in China. The reverse displayed the denomination surrounded by wreaths, representing prosperity and national unity. Struck in fine silver, the coin quickly became trusted in trade and was widely used throughout China and East Asia.
This coin appeared during a time of major change. For over two thousand years China had been ruled by emperors, but the revolution of 1911 ended imperial rule and created a republic. The Fatman Dollar became one of the first major coins of modern China and reflected the country’s attempt to modernize its economy and currency system.
Today, the Chinese Fatman Dollar is remembered as both a historic silver coin and a symbol of China’s transition from empire to republic during one of the most important periods in its history.